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obama supporters call it the obama market. analysts say it's because the federal reserve has put so much liquidity in. some people like myself think it has to do with good earnings. nonetheless, real fast, jim, this is a strong market. it's up 30% year on year. >> well, beyond qe, there are reasons stocks are going up. people can't get returns on bonds, cds, t-bills. they start to nibble away at the stocks. investors are very slowly coming back around to the stock market. frankly, they think corporate k ceos more trustworthy and maybe stocks are safer investments these days than bonds showing a negative rate of return. >> the headline story in the front page today, despite gains, "many sto -- manyflee stocks." jim, did they miss the boat? how do you read those things? >> in 1929 when the stock market crashed, my father distrusted the stock market from that point on. the market is manipulated, whether you think it's the fed, each month brings a new story. that's a lot of dry powder to truly a rally in the future. >> some people
obama supporters call it the obama market. analysts say it's because the federal reserve has put so much liquidity in. some people like myself think it has to do with good earnings. nonetheless, real fast, jim, this is a strong market. it's up 30% year on year. >> well, beyond qe, there are reasons stocks are going up. people can't get returns on bonds, cds, t-bills. they start to nibble away at the stocks. investors are very slowly coming back around to the stock market. frankly, they...
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obama doesn't care. i think he is coming out looking very bad, larry. >> i want to get a quick take before we bring the members in here. to me, this guy is a cheap shot artist. he may be representing obama you wants a cheap shot to go after the banks and where are the kudos for jp morgan that did this and put this together at a time when everything was unravel elling. >> the federal government was under pressure for the euro europeons. andrew cuomo preceded snyder man and declined to use the act. this is the same evidence that he looked over and said i'm not going ahead with this and there are cases and -- let me get this straight. he decided the evidence wasn't there. snyder man looked at it and he is playing cheap politics. >> that is your opinion. >> he has become a good governor of new york and said no go. and this guy says no go and we are on the eve of an election and jp morgan did the lord's work. somebody had to stock the hemorrhaging. >> there is fraud here. no question about it. who is responsi
obama doesn't care. i think he is coming out looking very bad, larry. >> i want to get a quick take before we bring the members in here. to me, this guy is a cheap shot artist. he may be representing obama you wants a cheap shot to go after the banks and where are the kudos for jp morgan that did this and put this together at a time when everything was unravel elling. >> the federal government was under pressure for the euro europeons. andrew cuomo preceded snyder man and declined...
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and you could see obama's body language. he was petulan it, looking down because he knows he couldn't get it done. that by itself crossing the aisle for common ground. don't have to give up your principles. if you call that moderate fine. i'm telling you it's pragmatic. that's what you've got here, a conservative who's pragmatic. >> democrats thinking those are moderate positions we're closer to a deal than we thought we were. >> that's right. >> now what he dead, and i don't think he actually changed any of his policies. i've been following this campaign painfully so at times minute-by-minute for the last year or so. up don't think he changed substantively. what i think he did was use different language and tone. when he began talking about the role of government he talked about caring for people who are less fortunate. >> not scaring. i got to get out. steve we're going to have you back again. love to have you back. jennifer's going to hang around for awhile for the full show tonight. i want to switch gears. this goes to w
and you could see obama's body language. he was petulan it, looking down because he knows he couldn't get it done. that by itself crossing the aisle for common ground. don't have to give up your principles. if you call that moderate fine. i'm telling you it's pragmatic. that's what you've got here, a conservative who's pragmatic. >> democrats thinking those are moderate positions we're closer to a deal than we thought we were. >> that's right. >> now what he dead, and i don't...
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years of obama. is that what's going to happen tonight in. >> we know this and everybody on your panel, they're all smart guy, they all know that every presidential contest is a contest for the future. and what president obama is saying is everything's fine, we should continue on the same course. governor romney happens to very clearly disagree with that. and the message that he has for these voters is that we can and will take a new course under romney and that new course will have more economic growth. >> this is an assembled intellect of awesome proportions, probably nor since thomas jefferson dined alone. >> i feel like i'm bringing down the batting average on this team. >> you never do. let me ask you this. i was very surprised yesterday to learn that mitt romney was talking about tax policy to a local denver, colorado station where he essentially unveiled a new program with more details. he said his 20% tax cut would only allow $17,000 worth of deductions. if you have $17,000 bucket of deductio
years of obama. is that what's going to happen tonight in. >> we know this and everybody on your panel, they're all smart guy, they all know that every presidential contest is a contest for the future. and what president obama is saying is everything's fine, we should continue on the same course. governor romney happens to very clearly disagree with that. and the message that he has for these voters is that we can and will take a new course under romney and that new course will have more...
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that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is likable enough. he has to avoid that kind of characteristic. mitt romney, on the other hand, what mitt has to do is prove that he's a human being, that he's a tin man who has found a heart, who cares about people other than his social class. and secondly, he has to put barack obama on the defensive. a big challenge there for him because the two are mutually contradictory. >> we're just looking at pictures there of mitt romney sans jacket, so trying to prove th
that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a...
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and that bodes well for president obama. but if mitt romney can keep going with the strength that he did in the first debate, it will be a very tough election for president obama. >> chris, let's bring you in. boris reckons that romney smashed it then this time around. obama looks i guess a bit disengaged from the whole thing. did he let himself down last night, chris? >> well, first let me address one point, the comments boris made about the 47%. to be direct about it, governor romney called 47% of americans victims. now, that is not necessarily a winning strategy. going back in terms of the debate, i'll be the first one to admit that governor romney had a very good debate. he came out strong. he came out from the first answer out, he was out there being very bold and aggressive. i think the president had some good moments, in particular on the exchange on health care, but what he didn't did which i find inexplicable is what's been working the last 90 day. which is exposing the fact that when you scratch past the surface of
and that bodes well for president obama. but if mitt romney can keep going with the strength that he did in the first debate, it will be a very tough election for president obama. >> chris, let's bring you in. boris reckons that romney smashed it then this time around. obama looks i guess a bit disengaged from the whole thing. did he let himself down last night, chris? >> well, first let me address one point, the comments boris made about the 47%. to be direct about it, governor...
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romney was going to fact check president obama as obama made false statements, as obama always does make false statements. >> oh, come on. >> do you think romney will fact check him or is that too cheeky or snarky in a debate? >> romney has been preparing for the debate. he knows the issues, he knows the data. what they're trying to do is get romney to pull back and go back to that big vision. >> what vision? where is it? >> tax breaks, 20% across the board. >> that was beautiful the way you got that out. hold on. you can see the whole presidential debate here on cnbc wednesday night, coverage begins at 7:00 p.m. here on the kudlow report here on the debate. and i will be participating all night. the next three months after the activists on the supreme court turned left and upheld obama care, now judge john roberts is tanned, rested, ready and is back. the next question is will the supremes going to the right or get back to the left side of the street. all that next on kudlow. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion s
romney was going to fact check president obama as obama made false statements, as obama always does make false statements. >> oh, come on. >> do you think romney will fact check him or is that too cheeky or snarky in a debate? >> romney has been preparing for the debate. he knows the issues, he knows the data. what they're trying to do is get romney to pull back and go back to that big vision. >> what vision? where is it? >> tax breaks, 20% across the board....
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could be good news for president obama. keep those gas prices in the swing states low, mandy. >> absolutely. that's what counts. >>> so, mitt romney celebrating today after what many are calling a big victory in last night's debate. the market has been paying very close attention, as you could imagine, to the race with many already pricing in an obama victory. so what does a romney resurgence mean to your money? joining us now, paul hickey, co-founder of the spoke investment group and on the back of the way the people perceived the debate last night, we're seeing a little bit of reaction in certain sectors for the potential after romney win. but i want to know what you think is going to be a winner. >> i think a romney win, one area that would benefit -- medical device companies. there is hope if romney's elected and repeels the affordable care act, then the device tax will be repealed helping out these companies. that tax will pretty much go right down to their bottom line if it is taken away. so that's a nice 3% to 5% ben
could be good news for president obama. keep those gas prices in the swing states low, mandy. >> absolutely. that's what counts. >>> so, mitt romney celebrating today after what many are calling a big victory in last night's debate. the market has been paying very close attention, as you could imagine, to the race with many already pricing in an obama victory. so what does a romney resurgence mean to your money? joining us now, paul hickey, co-founder of the spoke investment...
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john, what should president obama's objective be? >> he has the same agenda with any football team that has a lead late in the game. don't turn the ball over. he doesn't need to score. he doesn't need to move the ball. he just needs to prevent from the kind of catastrophic mistake that has occurred from time to time in presidential debates. not often. and president obama's not prone to mistakes very often. so he's got a low bar for what he wants to accomplish. we do know that a challenger merely by taking the stage with an incumbent president sell vated in tvais elevated in the eyes of the american people. president obama doesn't have to hurt mitt romney. he has to protect himself. >> hang on to the ball, no fumbles. john, amman, thank you. everyone, stay with cnbc. it is going to be a huge political night. larry kudlow will kick it off as usual with his program at 7:00. debate coverage rolls right out at 8:00, and goes right through with cnbc analysis. we want to hear from you. tweet us your thoughts on the election using the hash t
john, what should president obama's objective be? >> he has the same agenda with any football team that has a lead late in the game. don't turn the ball over. he doesn't need to score. he doesn't need to move the ball. he just needs to prevent from the kind of catastrophic mistake that has occurred from time to time in presidential debates. not often. and president obama's not prone to mistakes very often. so he's got a low bar for what he wants to accomplish. we do know that a challenger...
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>> it looked like president obama was not prepared. >> the industry e champion did take off today. >> by the way, i like coal. >> as long as he doesn't say anything like this. >> i was in bangkok myself and mark, i didn't see you in the disco. >> well that was the lowest class of all. >> fast money, right now. >> live from the market in new york city's times square. stocks getting a boost today and is this a romney rally? what is the best way to play it. >> i think you have to look at the sector that is most undervalued. i think a romney victory brings back the return of normalized earnings much faster. you will see a regulatory environment that is more in line with what i think the 2012 market should be. we have over regulated in that sense and the value of the us dollar under romney will get stronger. >> karen? >> i agree with what he is saying. there is the perception of economic growth and if that is the case and less regulation, i think you are see the industrials get better. >> i think if we can get back to 2007 and 8: 20 2007 and 2008 levels, it will be better. >> how often do
>> it looked like president obama was not prepared. >> the industry e champion did take off today. >> by the way, i like coal. >> as long as he doesn't say anything like this. >> i was in bangkok myself and mark, i didn't see you in the disco. >> well that was the lowest class of all. >> fast money, right now. >> live from the market in new york city's times square. stocks getting a boost today and is this a romney rally? what is the best way to...
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said what's been the effect of obama care on your hiring plans? and three quarters of them said it makes us less likely to hire people. >> all right. let's take him at face value for a moment. small business truly gets a boost if you elect romney, you need paychecks. the company's growth is in the hands of small business expansion. obama bears take note. you might be tempted to short paychecks on the democratic victory. but remember, you have to pay that bountiful dividend if you short the stock. along the same lines, romney claimed that obama's poll advise causing an increase in the use of food stamps. >> the proof of that is one out of six people in poverty. the proof of that is we've gone from 32 million on food stamps to 47 million on food stamps. >> again, if you take romney at his word, you better dump family dollar and dollar general tomorrow. they have expanded aggressively into food to capture that gigantic increase of food stamp dollars. they've been using new freezer cases to bring food in. that's what was behind the breakout we saw the
said what's been the effect of obama care on your hiring plans? and three quarters of them said it makes us less likely to hire people. >> all right. let's take him at face value for a moment. small business truly gets a boost if you elect romney, you need paychecks. the company's growth is in the hands of small business expansion. obama bears take note. you might be tempted to short paychecks on the democratic victory. but remember, you have to pay that bountiful dividend if you short...
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obama wasn't in shape to do it tonight. i'm sure obama knows. this he couldn't get it out tonight for some reason. and also, on the deficit side, and on economic statistics in general, here's romney firing out statistics. what you saw was a guy who looked calm, who looked presidential and who was knowledgeable and highly informed. >> and practiced. >> i don't think people were expecting romney to be as good as he was tonight. >> he was strong. >> john harwood? >> i just wanted to say i think romney was fluent. his argumentation was good. the body language was good. he looked happier than president obama on the stage. obama spent a lot of time on the defensive. however, i don't think we've got any new specifics from either candidate tonight. mitt romney talked about the goals that he has articulated and he articulated in the convention speech. president obama did the same thing. i don't think anyone put new policy on the table tonight. >> one thing i'll say though on this point, we covered the convention in tampa bay. i was very unhappy with romn
obama wasn't in shape to do it tonight. i'm sure obama knows. this he couldn't get it out tonight for some reason. and also, on the deficit side, and on economic statistics in general, here's romney firing out statistics. what you saw was a guy who looked calm, who looked presidential and who was knowledgeable and highly informed. >> and practiced. >> i don't think people were expecting romney to be as good as he was tonight. >> he was strong. >> john harwood? >> i...
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president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the budget long term. mitt romney is proposing a substantial change that would include vouchers. he hasn't said how much they'd grow over time. president obama has not said whether or not he's going to propose the same kind of changes like raising the eligibility age for medicare that he tried in those unsuccessful grand bargain talks with house speaker john boehner last year, maria. >> all right, jauohn. thank you so much. my next guest is making the argument that business leaders don't make the best president. what may be good for wall
president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the...
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romney seemed angry that obama coddled them. he talked about how dodd/frank imperiled community banks. all banks went up today on a prospective romney swing and lighter regulatory scheme, i wouldn't chance it with the internationals. instead i'd stick with wells fargo viewed as domestic bank or go with really the true community banks, huntington bank, u.s. bancorp or key. take a romney kicker any day of the week. throughout the night romney repeatedly claimed he was the real friend of small business. even as we know saying something bad about small business has become the new third rail of american politics. this comment is typical. >> there was a survey done of small businesses across the country. said what's been the effect of obama care on your hiring plans? and three quarters of them said it makes us less likely to hire people. >> all right. let's take him at face value for a moment. small business truly gets a boost if you elect romney, you need some paychex. the company's growth is in the hands of small business expansion.
romney seemed angry that obama coddled them. he talked about how dodd/frank imperiled community banks. all banks went up today on a prospective romney swing and lighter regulatory scheme, i wouldn't chance it with the internationals. instead i'd stick with wells fargo viewed as domestic bank or go with really the true community banks, huntington bank, u.s. bancorp or key. take a romney kicker any day of the week. throughout the night romney repeatedly claimed he was the real friend of small...
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bush, then barack obama. the fundamental decisions that businesses make particularly domestic businesses are driven really by what's going on with the consumer. and i think the only thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they would do that if they did get elected. nears no republican that ever has. i think ceos are focused on what the consumer is doing, what are their customers doing. and as jim cramer said a little earlier, i think between 23 and 27 minutes of the world's focus was on this last night. the people have moved on to more substantive topics now. >> so the bottom line is that it does not matter for a domestic business who gets elected? when it comes to the fundamental -- >> i think it does matter, but i think it matters because i
bush, then barack obama. the fundamental decisions that businesses make particularly domestic businesses are driven really by what's going on with the consumer. and i think the only thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they...
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obama lost with his performance. it brings him back as a credible candidate and he might win all of a sudden, whereas right before the elections everybody sort of wrote him off. so we have to look alt his policy proposals, and obama attacked romney for not having any, but actually on the fiscal side, he's getting pretty specific about favoring a cap on tax loopholes, and i think that's a great idea. i think it would, in fact, generate enough revenues to allow us to lock in on the bush tax cuts permanently. the question is whether the republican diehards who say no tax increase as whatsoever will sign up for that but we could have gridlock even if romney does win. >>> the stock which may be having its best week ever, plus one billion and counting. we'll get a status on facebook's budding friendships and what's in store for the nation's biggest retailers. we'll trade the newest monthly sales figures when halftime comes back. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf ma
obama lost with his performance. it brings him back as a credible candidate and he might win all of a sudden, whereas right before the elections everybody sort of wrote him off. so we have to look alt his policy proposals, and obama attacked romney for not having any, but actually on the fiscal side, he's getting pretty specific about favoring a cap on tax loopholes, and i think that's a great idea. i think it would, in fact, generate enough revenues to allow us to lock in on the bush tax cuts...
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president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first of all, of course. any ceo who's in a tough position, it's a very you have to job. there's no question, as i've said before, that meg whitman was dealt a very tough hand because of a lack of investment in product development and research and development by previous
president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and...
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democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they thought newt would
democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can...
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later obama versus romney. when it comes to the economy who is the better bet? we will give you some answers. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> time for pops and drops. we kick it off with a drop for lex mark. >> people not buying a printers not a good thing. it didn't help with lex mark. they fall better than 3%. >> fdl a pop. 3%. >> a little more on the earnings. the margin pressure might be ending this quarter. i still think they are seeing a lot
later obama versus romney. when it comes to the economy who is the better bet? we will give you some answers. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and...
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bernanke will stay on if barack obama is reelected. on the right-hand side we see potential romney cabinet selections, glenn hubbard, he's been an economic adviser to both romney's presidential campaigns, last time and again this time, and john taylor at stanford university is also somebody who is mentioned frequently. look at state department as well that's obviously one that is a moving part right now because this interesting tension in washington on the obama side if he's reelected between john kerry who might have done himself some good with his speech at the democratic national convention, and susan rice is somebody who is often mentioned. now, this recent flap over libya and what the united states said or did not say about the situation there might have damaged her prospects a little bit. we'll have to watch that one, on the romney side robert zoellick, former world bank president and richard haass, president of the council of foreign relations mention there had and treasury secretary we talked about some of the names for the oba
bernanke will stay on if barack obama is reelected. on the right-hand side we see potential romney cabinet selections, glenn hubbard, he's been an economic adviser to both romney's presidential campaigns, last time and again this time, and john taylor at stanford university is also somebody who is mentioned frequently. look at state department as well that's obviously one that is a moving part right now because this interesting tension in washington on the obama side if he's reelected between...
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swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to
swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall...
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he has a little bit, $50 billion from seniors and obama care to pay for some of obama care, but the rest of it will have to be covered by cost reduction, which he's fought every step of the way for taxes. >> i wonder, howard, can you -- is it possible to win the argument where you say, all right, i'm rich, i got, you know, i've got an elevator for my cars. i know how to fix this and make it good for the middle class and look like -- maybe you're not as attached to the empathy, or is it better to be the president and say i really care, i just don't know how to do anything. >> neither one of them is good. look, the reason the numbers have gotten so much better for obama in terms of who is the best deal for the economy, whoever thought that would be even at this point. is simply because people think the president cares about them and they don't think that about mitt romney. >> incompetent doesn't help. >> we really have gained 4 million jobs, i grant you from the down -- >> no business experience in his administration, doesn't seem to be private-sector oriented, more interested in governmen
he has a little bit, $50 billion from seniors and obama care to pay for some of obama care, but the rest of it will have to be covered by cost reduction, which he's fought every step of the way for taxes. >> i wonder, howard, can you -- is it possible to win the argument where you say, all right, i'm rich, i got, you know, i've got an elevator for my cars. i know how to fix this and make it good for the middle class and look like -- maybe you're not as attached to the empathy, or is it...
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if obama wins, we're going to go over the fiscal cliff because the republicans and obama aren't going to agree, we'll go out there and roll back the bush tax cuts, we're going to do this, have sequestered stuff or whatever and so that's going to hurt. >> how would he triangulate if he wins and they lose some of the house, say the democrats keep the senate, how would he triangulate to work with the other side? you don't think he'd let them go for another year or two? >> eventually he's going to have to, but he's going to get pushed into it and things are going to happen that are going to scare the heck out of us before we get there. >> what if romney, how does he screw it up? >> if romney wins it will look like, the stock market is going to say this is great, go up for a little while and people are going to say wait a second, this is austerity. it's going to look like the uk, look like europe. >> because we're 25% of gdp, he's not going to let us stay there, right? >> exactly. >> you'd see many more cuts if he's in, is that good long-term? >> much better long-term. you could argue that
if obama wins, we're going to go over the fiscal cliff because the republicans and obama aren't going to agree, we'll go out there and roll back the bush tax cuts, we're going to do this, have sequestered stuff or whatever and so that's going to hurt. >> how would he triangulate if he wins and they lose some of the house, say the democrats keep the senate, how would he triangulate to work with the other side? you don't think he'd let them go for another year or two? >> eventually...
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not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado today, giving him a chance to have almost a do over from last night's performance. take a listen. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> and bill, the battle continues now. in the battleground states, we're going to see both candidates in virginia. the presi
not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado...
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by the same token, romney can go after obama because obama's talked about reducing the corporate rate to 28%, but he hasn't specified how he'd pay for it. and then you have the issue of jobs. romney talks about the job record on net from the beginning of president obama's term. and if you do that, it's just about even. maybe a few jobs in the positive territory. but barack obama talks about what's happened since early 2010 since the turnaround started. they'll clash on that. on medicare, the big entitlement spending issue that threatens the bunch the long term. mitt romney's proposed with paul ryan an ambitious reformation of the program that would go to voucher, but he hasn't said what the level of the voucher would be or the growth rate in the voucher. if you don't specify that, you can't specify what your savings will be or the impact on consumers. and finally president obama last year in the grand bargain talks with house speaker boehner talked about more ambitious proposals than medicare than he's advocated so far like raising the eligibility age from 65 to 67. hasn't said a word
by the same token, romney can go after obama because obama's talked about reducing the corporate rate to 28%, but he hasn't specified how he'd pay for it. and then you have the issue of jobs. romney talks about the job record on net from the beginning of president obama's term. and if you do that, it's just about even. maybe a few jobs in the positive territory. but barack obama talks about what's happened since early 2010 since the turnaround started. they'll clash on that. on medicare, the...
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so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation, that's important new medicines for grieve vus illnesses. and another theme that will be with us regardless of who the president is and who controls the senate and house is cost of health care. yes, i would submit to you that if romney wins, it's going to have a knee jerk response to a few of those sectors, but what i'm really talking about and what we're focused on is things we think will unfold over the next many years. >> among your top five holdingses you have gilead in there, so that goes toward the technology and development of drugs. how about some of the other
so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation,...
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glad president obama followed through and i think the right thing to do but if anything, i think the criticism that has arisen in the a last few years, there probably were too few strings aand, especially after the bone bown us ins started flowing again this is not to pick on jpmorgan chase. i assure you, looking at a wide variety of firms. this conduct was particularly flagrant. there have been other action brought that laid some groundwork that we took advantage of so we weren't wasting taxpayer money by reinventing the wheel, the fhfa brought a major case and the fhfa inspector general is one of our partners in the working group as well as justice, the s.e.c., hud and others. so, we are co-will be a bore writing bring as many actions as we can as quickly as we can, this just happens to be the first. >> attorney general schneiderman, four years now since the depths of the financial crisis thursday is the first gates gait for the president out of the working group for securities fraud is this the pound of flesh, everyone pushing for accountability forth banks on wall street, we are
glad president obama followed through and i think the right thing to do but if anything, i think the criticism that has arisen in the a last few years, there probably were too few strings aand, especially after the bone bown us ins started flowing again this is not to pick on jpmorgan chase. i assure you, looking at a wide variety of firms. this conduct was particularly flagrant. there have been other action brought that laid some groundwork that we took advantage of so we weren't wasting...
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and the market may or may not be pricing in an obama re-election. that's all going to potentially change during the debates. it will either go higher or lower. i think at the end of the day, the election is a short term mover of the marketplace and we would look for that volatility to add positions that we have a lot of conviction in. >> we've got to leave it there. tom, leo, thank you very much for kicking off our show. >> thank you very much. >>> so, what are you, america, doing with your money. how are you changing your investments, your 401(k). right? a lot? a little? not at all? we make our tests hard here on street signs. you can go to streetsigns.cnbc.com. or tweet us your responses or send a very well trained pigeon. >> yes. >>> a market flash not delivered by pigeon but by word of mouth. >> good afternoon, guys. we're watching shares of service now, ticker now. looking at a downgrade from ubs. they took the stock from neutral to sell with a price target of $28. the firm is saying while they aren't questioning the strong fundamentals, they d
and the market may or may not be pricing in an obama re-election. that's all going to potentially change during the debates. it will either go higher or lower. i think at the end of the day, the election is a short term mover of the marketplace and we would look for that volatility to add positions that we have a lot of conviction in. >> we've got to leave it there. tom, leo, thank you very much for kicking off our show. >> thank you very much. >>> so, what are you,...
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did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to thin
did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue?...
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beginning of the year you said you expected president obama to be re-elected. do you still believe that? >> yes. yes. i really do. i think that he was maybe two scores up as i heard on "squawk box" this morning. maybe now it is only one. i still think in terms of looking at these battleground states and where he appears to have a competitive advantage, he's still ahead. >> you were extremely accurate in your overall call, at least as of this date, of how the market was going to perform. you said about 15% in 2012. that's about where we are. is now a good time to invest? and then what's going to happen in 2013. >> i would be much more cautious now. we divided our analysis of the market into two parts. there's the things people normally talk about, growth rates and earnings and the economy, but also the discount rate. the interest rate plus this other fear or uncertainty factor. the fed's actions did reduce the uncertainty factor. they reduced the liquidity that took some of that fear away. but it's not really transferring into growth. if you do the high school l
beginning of the year you said you expected president obama to be re-elected. do you still believe that? >> yes. yes. i really do. i think that he was maybe two scores up as i heard on "squawk box" this morning. maybe now it is only one. i still think in terms of looking at these battleground states and where he appears to have a competitive advantage, he's still ahead. >> you were extremely accurate in your overall call, at least as of this date, of how the market was...
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dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so therefore i doubt we would be in the fiscal cliff. i'm not sure, to be honest with you, that a fiscal cliff falling off the edge is not exactly what america needs. >> is this a wake-up call do you think at this point? it's a pretty severe wake-up call to get. >> you're describing a wake-up call to rip van winkle. how many years have we been kicking the khan down the road. that's a wake-up call for rip van winkle, somebody who has been sleeping for a multitude of years. >> you're suggesting play with fire a little bit? >> i'm suggesting that i'm interested i
dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so...
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that's not right to pay for obama care. and also got point to out that he's in favor of a tax plain that will kill 700,000 jobs. and so he had the chance to answer those questions, or not answer them as the case may be but then i think even more important was the chance to talk about where we're going in the future. what he would do and what i would do and what he described was in my view a reiteratation of the status quo. he'll keep doing what he's done in the past. he'll have a stimulus. hire more government workers. he's is going to pick winners and losers line solyndra. a friend of mine said no he doesn't like picking winners and lowers he just likes picking losers. and so, of course he's in favor of higher taxes. yesterday the vice president blurted out the truth. he said in fact they do want to raise taxes a trillion dollars. i don't want to raise tax on any americans because i want to create good jobs in america. now, i take america in a very different direction. first of all i want to make sure that our policies enc
that's not right to pay for obama care. and also got point to out that he's in favor of a tax plain that will kill 700,000 jobs. and so he had the chance to answer those questions, or not answer them as the case may be but then i think even more important was the chance to talk about where we're going in the future. what he would do and what i would do and what he described was in my view a reiteratation of the status quo. he'll keep doing what he's done in the past. he'll have a stimulus. hire...
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obama does. he consistently talks about that. he never mentions that apple is the largest company in the united states, larger than exxon. and i don't think there's anything wrong with apple either. i don't think there's anything wrong with any of the manufacturing or the oil and gas industry in the united states. i think they're trying to do the best job they can and doing a pretty damn good job. but i'm not one that believes they should be taxed more. >> boone, thank you. i know your cowboys and my hokies are both having rather disappointing seasons so we'll just leave it at that so have a great weekend. >> well wait a minute! we got a bad call. >> bad call! you have no replacement refs in college, boone. >> did you see what happened to us on the last -- >> i'm just saying you're not undefeated and the hokies stink. >> but you hate to have a bad call at home. >> especially at boone pickens field which i have still yet to be invited to, by the way. >> i feel a little bit responsible for that because i should have gone down there
obama does. he consistently talks about that. he never mentions that apple is the largest company in the united states, larger than exxon. and i don't think there's anything wrong with apple either. i don't think there's anything wrong with any of the manufacturing or the oil and gas industry in the united states. i think they're trying to do the best job they can and doing a pretty damn good job. but i'm not one that believes they should be taxed more. >> boone, thank you. i know your...
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one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the central bank have created between valuations of fundamentals cannot be sustained forever. fundamentals have got to start coming up towards valuations, otherwise valuations will come down. >> mohammed, thank you so much for joining us today. >> thank you, michelle. >> all right. we've got about 51 minutes before the closing bell. the nasdaq is lower by nearly 14 points. >> don't go anywhere. there's still a lot more ahead on this busy friday edition of the "closing bell." >>> coming up, employment possibility. 58% of ceos say they plan to hire more workers within t
one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the...
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that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that the upside was very, very limited. good numbers. i should have done it. i really did kick myself at this one. i thought if i recommended it, the stock would go up too much. ron in louisiana. ron? >> caller: jim. i've got to thank you. you're the best. i've been investing for 55 years and didn't make money until the last five. guess why? jim cramer. >> thank you. thank you. >> caller: thank you. jim, my question to you is will tim geithner's message to aig affect the long-term outlook? and if so, up or down? >> i would not worry about tim geithner when it comes to aig. just worry about mr. benmosche and what he's doing. carolyn in florida. carolyn
that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that the upside was very, very limited. good numbers. i should have...
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the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#:
the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm...
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didn't have to argue this would be an obama rally. >> i would think so. same people who were trying to push the victory leading to the prices yesterday how do they figure the unemployment numbers here. so what we're really seeing and i wrote about it in my comments this morning, is we're still going by europe is driving the bus. and yesterday was moving up. could you see some romney influences? the coal companies that he mentioned and some of the health care people and you can see some of the obama influences. but that's kind of the backdrop. the reason why the numbers look disproportional says a blot our mrk markets being illiquid. >> what does it mean about merkel going to greece. is that pivotal? >> i'm not sure unless there's a surprise. poor greece is out there festering. everybody is concentrating on spain. greece has not been solved. would be good to solve it. but that doesn't change anything about spain which is a much bigger factor and spain brings in the challenge of italy behind it. so that the game has moved up field a little bit here. so, you
didn't have to argue this would be an obama rally. >> i would think so. same people who were trying to push the victory leading to the prices yesterday how do they figure the unemployment numbers here. so what we're really seeing and i wrote about it in my comments this morning, is we're still going by europe is driving the bus. and yesterday was moving up. could you see some romney influences? the coal companies that he mentioned and some of the health care people and you can see some of...
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and that's when president obama took office. some say it is a huge boost for the president's campaign. on the flip side, republicans are downplaying the report's significance saying it doesn't reflect the big picture or unemployed people who got discouraged and stopped looking for work. some of them are staying, it's smoke and mirrors with the number. the obama campaign is manipulating the numbers. on and on. i want to bring in rachel, white house editor for "politico." you've seen all of this. i saw people on, when those numbers came out, on television friday morning, there's no way this is right, what's going on, oh my gosh, the world is going to end! rachel, how do we measure the political impact of the jobs reports on the presidential race? is this the october surprise that we had been waiting for or not a big deal? >> somewhere in between the two. i would not go so far as to call it the october surprise. these numbers are notoriously volatile. one good month can be followed by a bad month and the next month is four days bef
and that's when president obama took office. some say it is a huge boost for the president's campaign. on the flip side, republicans are downplaying the report's significance saying it doesn't reflect the big picture or unemployed people who got discouraged and stopped looking for work. some of them are staying, it's smoke and mirrors with the number. the obama campaign is manipulating the numbers. on and on. i want to bring in rachel, white house editor for "politico." you've seen...
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mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? >>> it is 21 minutes past the hour. as the candidates continue to prepare for the big debate tonight, a tape surfaces, one that tucker carlson's conservative website the daily caller bills as obama's other race speech. a clip. >> it is quiet riots that take place every day are born from the same place as the fires and the destruction and the police decked out in riot gear and deaths. they happen when a sense of disconnect settles in and hope dissipates. despair takes hold and young people all across the country look at the way the world is and they believe that things are never going to get better. >> carlson called this a bombshell, but a little reality here, this tape is not new. it was an open press event recorded in its entirety in 2007. and many media outlets including cnn extensively covered it, even tucker carlson himself covered it in 200
mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? >>> it is 21 minutes past the hour. as the candidates continue to prepare for the big debate tonight, a tape surfaces, one that tucker carlson's conservative website the daily caller bills as obama's other race speech. a clip. >> it is quiet riots that take place every day are born from the...
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mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> welcome back, everybody. you're watching "starting point". >>> ann romney says her husband has a routine before he walks on the stage, before any political debate, he takes his watch off, puts it on the podium, find where she's sitting and writes the word "dad" on a piece of paper. she told gloria borger why. >> he loves his dad, respects his dad. doesn't want to do anything that would not make his father proud. >> mit
mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not...
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let's look at president obama. he, for the most part, was not very aggressive, to say the least, when it came to challenging governor romney on some of the specifics. but there was a moment where he tried on the issue of health care and on the issue of his economic plan. watch this. >> he says that he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for. but we don't know the details. he says that he's going to, uh, replace dodd-frank, wall street reform. we don't know exactly which ones. he won't tell us. now he says he's going to replace obamacare and assure that all the good things that are in it are going to be in there and you don't have to worry. and at some point, i think the american people have to ask themselves, is the reason that governor romney is keeping all these plans to replace secret because they're too good? >> now a big part of debate prep and of getting ready for this -- in fact, brett, i talked to you about this before the debate itself, because you h
let's look at president obama. he, for the most part, was not very aggressive, to say the least, when it came to challenging governor romney on some of the specifics. but there was a moment where he tried on the issue of health care and on the issue of his economic plan. watch this. >> he says that he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for. but we don't know the details. he says that he's going to, uh, replace dodd-frank, wall...
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obama claims. his program for trade and energy development, i think he was spot on in the debates in that regard, and that could create somewhere between 5 million to 10 million jobs pretty easily, and so i think that if we got the romney plan on energy and trade and got the obama plan on social insurance, americans would be very, very happy. unfortunately, they are only going to get one of these guys, and so they are only going to get half a loaf. >> nice to see you all. have a great weekend, everybody. >> thanks. >> up next, a career reboot. >> i was happy that i received the offer, happy i got to interview and happy i waited and took out all the risk. >> that's right. the going back to school gamble and how it's paying off for some job seekers. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chon an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. for their "destination
obama claims. his program for trade and energy development, i think he was spot on in the debates in that regard, and that could create somewhere between 5 million to 10 million jobs pretty easily, and so i think that if we got the romney plan on energy and trade and got the obama plan on social insurance, americans would be very, very happy. unfortunately, they are only going to get one of these guys, and so they are only going to get half a loaf. >> nice to see you all. have a great...
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care and i have become fond of this term, obama care. >>> as you heard, president obama is embracing and even owning the phrase obama care. it was just a glimpse at president obama and mitt romney's battle over health care last night but it got a lot deeper than that. obama care and medicare and medicaid and private insurance and preexisting conditions and lions and tigers and bears all of it fair game on the debate floor. >> no change for current retirees and retirees to medicare and the president supports taking 716 billion out of that program. >> it wouldn't keep up with health care inflation. it was estimated it would cost the average consumer 600,000 a year. >> it would cost more than than traditional insurance. >> everybody has shown it has lowered than private insurance does. >> it makes your head spin especially since it came late in the debate. sifting through all of that is a mixed bag of truths and i hate to say it, big lies. our senior medical correspondent is here to break down the fact from the fiction, elizabeth cohen. lep me sort through the biggest claim i kept heari
care and i have become fond of this term, obama care. >>> as you heard, president obama is embracing and even owning the phrase obama care. it was just a glimpse at president obama and mitt romney's battle over health care last night but it got a lot deeper than that. obama care and medicare and medicaid and private insurance and preexisting conditions and lions and tigers and bears all of it fair game on the debate floor. >> no change for current retirees and retirees to...
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president obama. >> i for one will not stand by and let him be bullied out of office. >> i will ask them both where this campaign is headed. plus my all-star political experts on what the candidates should do next. >> we are going to take back the white house. >> we don't want what he's been selling for the last year. >> this is "piers morgan tonight." >>> good evening. our big story tonight, 33 days to go until the election and in the wake of the first big presidential debate, the candidates are out on the campaign trail sounding like they're pretty well ready for round two already. listen to mitt romney in his surprise visit to the conservative political action conference. >> last night i thought was a great opportunity for the american people to see two very different visions for the country, and i think it was helpful to be able to describe those visions. i saw the president's vision as trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes
president obama. >> i for one will not stand by and let him be bullied out of office. >> i will ask them both where this campaign is headed. plus my all-star political experts on what the candidates should do next. >> we are going to take back the white house. >> we don't want what he's been selling for the last year. >> this is "piers morgan tonight." >>> good evening. our big story tonight, 33 days to go until the election and in the wake of...
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. >> reporter: the reason obama's yes has an asterisk -- under obama's watch, concealed weapons are now allowed on amtrak trains and in national parks. >> he's continued to pay lip service to those things but he hasn't shown real leadership in pursuing those changes. >> yes, background checks have gotten more thorough under president obama. but the big problem remains gun shows and internet. specifically unlicensed dealers selling firearms to buyers with no background check needed. president obama has supported closing the gun show loophole in the past. but the white house says his focus now is on existing laws. governor romney says no to any further regulation of gun shows. >> there's no particular change in law whothat's going to keep people who are going to do harm to do harm. >> we should do anything and everything to keep criminals from purchasing weapons. >> reporter: so obama says he wants tougher gun laws, little was done during his first term. republican governor romney has said he's done more in the past. . >>> we're looking at some of the key issues that could decide the pres
. >> reporter: the reason obama's yes has an asterisk -- under obama's watch, concealed weapons are now allowed on amtrak trains and in national parks. >> he's continued to pay lip service to those things but he hasn't shown real leadership in pursuing those changes. >> yes, background checks have gotten more thorough under president obama. but the big problem remains gun shows and internet. specifically unlicensed dealers selling firearms to buyers with no background check...
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barack obama. very consistent with all of the various reactions from the left and right so far, a very good night for mitt romney, not very good for the president of the united states. >> those poll numbers are telling. >> in polarized america, for any candidate to get above 50% are huge. 45%, 43%, solid republican. >> are those undecided voters? >> registered voters who watched the debate. a lot of president's supporters say he got spanked tonight. >> it tightens -- what this means, it's likely as we saw in 2004, when john kerry won the first debate, that the polls will tighten a bit, and -- but it also means to me that the obama campaign can't press the delete button fast enough on this debate and they will go out there and they will erase it. and they will go on the attack and they are very good at doing that, and the president can be good at doing that. it may get him back on his game. >> may not change the numbers very quickly. but it does prompt a lot of people to do, i need to take a second
barack obama. very consistent with all of the various reactions from the left and right so far, a very good night for mitt romney, not very good for the president of the united states. >> those poll numbers are telling. >> in polarized america, for any candidate to get above 50% are huge. 45%, 43%, solid republican. >> are those undecided voters? >> registered voters who watched the debate. a lot of president's supporters say he got spanked tonight. >> it tightens...
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on the nonverbals, barack obama sent all the wrong messages. he looked petulant, he looked frustrated, he looked angry, he looked disinterested at times, and while he may have said some good things, it did not come across that way as a confident president who was proud of his record and had a vision for the country. just the opposite of romney, who seemed to be articulating both those things. >> i have never had acting classes, senator. i've had journalism classes. >> excuse me. i'm sorry. well, you're sort of a celebrity so i thought maybe there might be -- >> i do think you hit the nail on the head about the importance, i think, in the modern era in particular for any politician, performance is key. i don't care who you are. and what was odd about barack obama was that four years ago, he looked like this rock star whenever he appeared in public, onstage, on the stump, whatever. last night he looked like the guy, just wanted to quit the band. just sort of artistic differences had set in. there was a sort of odd body language, deflation which i
on the nonverbals, barack obama sent all the wrong messages. he looked petulant, he looked frustrated, he looked angry, he looked disinterested at times, and while he may have said some good things, it did not come across that way as a confident president who was proud of his record and had a vision for the country. just the opposite of romney, who seemed to be articulating both those things. >> i have never had acting classes, senator. i've had journalism classes. >> excuse me. i'm...